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Your choice:
THE
S
PART 3
Security or SUCCESS GAME!
a chance at riches
SOONER or later you will have to make a very basic decision affecting your career: do you want the prestige of work- ing for a major corporation, with relative security and guaran- teed retirement benefits?
Or are you prepared to gamble your business skills against competitors in the open market, winning or losing the fight for capital as the case may be?
There is nothing simple about this choice, with plenty of argu- ments for and against both sides. Let us look at two succes [approaching retirement.
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Executive A has steadily worked his way up the ladder of a major public company. He has helped the business to expand and thrive. His salary has been good, his fringe benefits generous; he has lived well..
There were times when the security of his employment faltered. Slumps and take-over bids had to be survived, and at one stage the chairman's hostility made A's position distinctly precarious.
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EIGHT
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But the omple assets of the company were a fair side asard against Insolvency and A's executive skills' sleered him safely towards his goal at the top.
¿
DRAWING 'BY LESLIE BOWYER
"His wife's jewels are pawned, second
· mortgages are taken out on the family home,"
by STEPHEN ROSE
Know Your Dog
By HM. HOWELL
THE CHAMPIONS
Our photox illustrate four of five post-war Crafty Cham- pions, one dog or rather Cocker bitch, of the world- famous strain of "Ware" Kennals of sanen, "Tracey Witch", won twice, an almost incredible fear with a few thousand competitors against you, and as com- parative middle-age comes on,
1t i hard for any dog in Brf proportion of pedigree-dog own. tain much over two or three are la increasing. year to stand the arcs at even
in ordinary Championship Show Funnily enough "Hongkong's. with a host of youngsters Yaps .comparatively tiny gurea of [plag at her hesia.
6,000 registered dogs ever the past 12 years show a similar How many Championship surge, a recession, and is in Shows held in church halls and crossing interest in the pedigreed village greens? Around 2,000 companion, many of newly im. equal to nearly six shows every ported strain.":
day of the year!"
L
A
Our local champione
Who
To be Supreme Champion at wore they, that with only one Crufts against a probable, hun- Show *Year, persuaded three ** different judges they were out- standing? The H.K.K.C. records show ten of them over the 10: shows where Challenge Carti. ficates were awarded. Two of them are locally, bred. The ton obtained their third C.C. sa fol- Jaw:
dred other Champions of the various Breeds might be classed
as being the "top dog" of the world, as far as tooks 'go," but
When he retires, A will have of the mare pleasant things in If that is your inclination, go there would be a million owners
the income from a top-hat pen- sion scheme which has largely been paid for by his company, He will continue to live quite well.
The only thing he won't have is capital. He has only been able to save out of taxed in come, which virħmily zušes out the large scale ascunsalation of money under, our prestul tax system.
"
Hard work
Businessman
business owner.
B is a private He inherited sum from his
lite. But before you opt for ahead and try, choice B it would be well to consider the full implications of going into business ot your
OWE,
to contend, that their "pooch" had a better character or was a better friend.
But a word of warning. There is a danger that you may choose one type of cancer and spend | In 1951 a Welsh Terrier, In the rest of your life hatkering 1952 Bulldog of the "Noways”. strain, one of which same strain also became 7th H.K.K.G, Cham plan in Hongkong, In ́~1953 ̧ ́à° Great Dane of the "Ouborough" Kennels, one of which same Kennel also, becamb",the 5th H.K.K.G. Champion. In 1954 Crufts was cancelled due to an electriciana strike at Olympia.
Not long ago Fortime Magazine after the other. This is a públished a book called 100 quartileed short-cut to failure, Stories of Business Success. In each of these stories someone has an idea for new' service, product or process.
stakes everything on this idea. His
wife's jewels are pawned, second mortgages are taken out on the family home.
At least once in almost every story the idea threatens to pack up completely because a backer
Not so easy
บ.
(1) Hers in 1952 ex total of six-Miniature Poodle. "Wych- wood Pucelette."
(2) His in 1959 ex total of four -Smooth Dachshund vengh -Boy."
(3) Here in 1953 ex total of bourine of Troy," four-Cocker, Spaniel "Tam-
three-Cocker Spaniel "Kinnoir's
(4) Him In 1953 Ox
total of
Corse of Domium” (locally bred).
(5) Mia. In 1954 ax total of.
of Quborough."
When you are young it is right that you should pay little attention to security. As a young man of ability you' have, a built-in security factor-your· In 1965 a Standard Poodle be ability itself. Therefore you came Supreme Champion. will be only too eager what little capital you may have tops" Kennel, of which we have four-Great Date "Robo risk 1956 a Greyhound of the "Trees" a small capital father, bought his way into lose faith, materials become for the possible rewards of self-one in Hongkong, a Continental falling budness and put it back hard to get or because of any employed success. on the feet through a judicious one of a thousand unforeseen blend of skill and hard work,
happenings that can upset a businesman's· calculations. Note that the executive ability of both A and B is roughly equal
.
On the whole B has not lived so well as A. In a good year he has had to put more money into the business in order to take advantage of businew trends. In a bad year, it was his Income that shtank.
But it isn't so easy to take a flying leap_Into a business of your own. Few people can start Now it so happens that the off running a small plant OT hundred people portrayed in this other concern successfully with book held on through very grim out some times and eventually triumphed experience.
kind of previous But what of the number of equally promising bugincases that fell by the wayside.
As one of the successful says "Ideas are a dime a dozen. It's
On the other hand, a good doing something with them that
counts," accountant has probably man- ared to get many of B's basic living expenses paid for through the Demi, so that his fringe bene- fits were greater than A's,
But security is a word that B.. never knew very decision be bad to take
directly WES reflected in his bank account.
Don't agree
5
If there is a family biziress. the beginner can learn the easy. way. But most people have no such advantage. The odds are that you will have to start your executive apprenticeship as a salaried employee.
Then, suddenly before you fully realise what has happened you have married and started a family. Are you still so eager The fact is we beat more to risk your · livelihood when about men of success than about much more than your possible men of falkue. Yet I am far discomfort hangs in the balance?: mom agreeing with Sir Miles Usually not: The result is often Thomas who once wrote: "There what inay be called an "exeCU- When he comes to pelire this have been plenty of bolts live by default, " account may not be much more describing the rags to riches Impressive thap A's. But, pro- route to power and fortune. viding the business is still thriv- There are not many countries in ing B can now sell out. The the western world to which delling price will represent a tax- they apply today." free capital-gain-a' cash reall- sation, if you like, of his offorts over the years,
Tantalising
As the likelihood of going into Surely this is not true. As business on your own recedes, far as Britain is concerned there, the beneffe of self-employment have been just as many dazzling will seem more tantalking. You epics" of "rags-to-riches" in the look at the private business men post-war years an at any other you know and envy their appar ently limitless resources, as dis- Harry Seabrook founded the played in the form of cams, tion of sets which represent Back Brook shirt enterprise on holidays, schools for the children savings out of untaxed income à £109 Town, When B cells.
More important, the capital sum will reflect all the tax con cessions of which the business time. bas nondo save — ploughed-back vroßfa and favourable deprecia-
A guess
Property king Maxwell Joseph started his dealings on an arme gratulty
So did Kenneth Wood, who
and so on.
By contrast you develop a Marden culiook about your own job, seeing your efforts only in terms of increased dividends for lucky shareholders without any direct compensation for yourself. Such one-sided vision can be dangerous ad dangerous in its. way as the Communist fallacy Haymond Way, the Kilburn a industry generally prbitality their careers car millionaire, was unknowa, w will be anybody's guess.
In other words, if you take.
two men of roughly equal made a fortune with Kenwood
bility one of them salaried, kitchen appliances.
one self-employed, ... the relative
"few years ago.
There is no quicker way to undermine your executive Nevertheless I fully agree power. steady course and Anishes with with Sir Miles when be gOLI OF
The salaried man keeps on a
security.
to write: This is the recu I therefore fiope you will now.
The self-employed man risks live Age, in which the young see the business owner in his
Champion, who celebrated his .......
(6) His in 1959 ex total of three-Afghan Hound "Zabark of Carloway."
(7) His in 1980 ex total, of three-Bulldog "Noways Leaston Patar"
(8). Hörs In 1960 ex total of three-Almatien "Ava; of Wheats Held" (locally brad), (
(0) His, in 1860 ex1tobal three-Miniature Poodle. "To sanbo's Bokle Boy."
arrival hare by becoming lost on the hillsides for ten days and at three-Smooth Dachshund "Bu- (10) Hers in 1960 ex total of his first local Show was so shy san von der Howitt." that he was virtually impossible. to judge...
In 1987 a 'Keeshond. In 1988 a Pointer. In 1959 a Welsh Terrier spain.
The Welshman le a quite di tinct and amart Tomler.RAD not a large-sized Lakeland, and neither should it be a miniatura Airedale, though to the uninitiat ́ed its pattern is not dissinsllar to either of these rough-haired tan. and black-saddled Terriera,
grad dogs in Britain these since
As for Registration of pedi war have shown a surge. towards the hightide mark recon and a surge batik kakin 120,000 odd in 1947 to a nedir in
bis skin, but stands to gain a inan af ability is kely to start true perspective, appreciate the 1952 of more 78,000 and back
large capital sum with which he with something more than rags implications of getting rich
can found a family, fortune or and end with considerably less quick and some of the com-to 103,000 in 138. livest, be a hedge against infis, than riches.
pensations of executive employ
Meanwhile license fund by ment.
the Inland Revenus Dept: wern It is Just au' possible today for
Now make your choice. You much lower than presse" yaar Which to choose? The posses the bellibaat kada vidukla to make
and it would wopour that thai aloni of capital in obviously one
she' as it has ever boen, have been warned!
NANCY
OH, SLUGGOL
TOP GRIPING
T YOU LIKE IT.
BUT HOW DO OTHERWISE
Ernie Bushmi
TARGET
How many RANT letters
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or more can you.
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BY LEOBARD BARDEN
Bolation No. 585) - 1 Q—–KU chi ex 0; 2 Kad
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